May 20 sees the start of the series of events called Italian Festival organized by the Italian Institute of External Trade (ICE) under the patronage of the Italian Embassy in Budapest and in collaboration with the Italian Cultural Institute.

The situation in Hungary, following Prime Minister Viktor Orbán's remarks on the possibility of reinstating the death penalty there and the government’s public 'consultation' on immigration, were debated by European Parliament in Strasbourg this Tuesday.

The Nordic countries combined constitute the 5th largest economy in the EU and the 12th largest in the world based on GDP. All prefer to co-operate very closely and every one of those countries is more open to doing business than the OECD average.

Albanian and Hungarian relations extend over centuries,” Albanian Consul of Honor Avnija Hafuzi says in a recent interview with Diplomacy & Trade. The businessman speaks about a charity project he is currently involved in.

Podravka Group realized HRK 92 million net profit in 2014, mostly owing to strong growth of the profitable margins in the segments of food and beverages. The company is expanding in Hungary and taking further steps to strengthen its position in the Central European region.

European Chamber’s Competitiveness Index lists the countries based on the Global Competitiveness Index (GCI) improvement from the global financial crisis in 2008 to the present. Switzerland, Germany and Scandinavian countries are competitively dominant in Europe, Macedonia and Bulgaria are far behind.

The Croatian bakery chain Mlinar is a relative newcomer in Hungary. Seven outlets have been opened in Budapest. The company planes to enlarge its market position, mainly in the capital via franchise agreements requirement, since it can offer to every franchisor a proven business model, know how, logistic and marketing support.

As a result of the amendment of legislation on the advertising tax, this levy is to generate more revenues than what the cabinet had previously estimated, the financial website portfolio.hu quotes local daily newspaper Népszabadság.

Just like last year, Budapest is ranked 17th in the world according to the International Congress and Convention Association (ICCA), which lists the number of international events complying with the organisation’s criteria. Hungary is 31st among the countries.

A mild recovery is forecast for 2015, with growth set to reach 1% in 2016, spurred by EU-funded investments. Fiscal consolidation needs and limited structural reforms, however, continue to hold back potential growth. Employment is still expected to stagnate in 2015 - according to the analysis and forecast of the European Commission.

Dancers from Hungary and Croatia made a fantastic performance at the latest DT Club.

Japan and Hungary share common values such as democracy, rule of law, market economy, basic human rights, freedom of the press and the freedom of expression,” Japanese Ambassador Junichi Kosuge tells the Japan focus of Diplomacy & Trade.

Optimus Plesni Klub was founded by Rade Janjic in 2008. The dance club’s goal is to train competitive couples at an international level and popularise competitive dancing in Croatia. The club is very successful and well-known, ancers regularly appear in the popular TV show, Dancing With the Stars (Ples sa zvijezdama).

Thousands of healthcare workers demonstrated in Budapest late Tuesday afternoon to call the government's attention to their "humiliatingly low wages". As the website [origo] calculated, the net hourly wage for nurses is below the price of a Big Mac.

Alexandre Lámfalussy, the Hungarian-born economist and banker known as one of the fathers of the common European currency, the Euro, and the head of the predecessor of the the European Central Bank, passed away less than a month after his 86th birthday.